Fmr LLC Purchases 16,780 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Fmr LLC increased its position in LSI Industries Inc. (NASDAQ:LYTS) by 24.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 86,748 shares of the construction company’s stock after buying an additional 16,780 shares during the period. Fmr LLC’s holdings in LSI Industries were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Phocas Financial Corp. bought a new position in shares of LSI Industries during the 3rd quarter worth about $3,682,000. Johnson Investment Counsel Inc. bought a new position in shares of LSI Industries during the 2nd quarter worth about $1,691,000. American Century Companies Inc. increased its holdings in shares of LSI Industries by 38.2% during the 2nd quarter. American Century Companies Inc. now owns 342,355 shares of the construction company’s stock worth $4,954,000 after purchasing an additional 94,564 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of LSI Industries by 12.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 446,722 shares of the construction company’s stock worth $6,464,000 after purchasing an additional 50,624 shares during the period. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of LSI Industries during the 3rd quarter worth about $611,000. Institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

NASDAQ:LYTS opened at $20.12 on Monday. The firm’s 50-day moving average is $18.59 and its 200-day moving average is $16.42. LSI Industries Inc. has a 52-week low of $13.32 and a 52-week high of $21.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08. The company has a market cap of $600.34 million, a price-to-earnings ratio of 25.47 and a beta of 0.92.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.99%. LSI Industries’s payout ratio is 25.32%.

LSI Industries Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.